MUTUAL FUNDS
Axis Mutual Fund files offer document for Nifty500 Value 50 ETF
Sep-10-2024
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended exchange traded fund named ‘Axis Nifty500 Value 50 ETF'. The New Fund Offer price is Rs 10. Exit load will be nil. The Scheme does not offer any Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked by Nifty500 Value 50 TRI. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereof.

The investment objective of the scheme is to provide returns before expenses that correspond to Nifty500 Value 50 TRI.

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